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purchase of IP and Capital Gains Tax issues Reply: 2.1.1.1.1.1 From: Dale Gatherum-Goss Hi Tim Indexing the cost price was the rule until Sept 99. Now we have a choice whether we will use the indexed cost or the 50% exemption. You cannot use both! Generally speaking, there will be more...

Reply: 2.1.1.1 From: Dale Gatherum-Goss Hi Tim You are more than welcome, I hope that I helped in some small way. Have fun Dale

Reply: 2.1 From: Dale Gatherum-Goss Hi Tim This does look interesting. . . The tax office view is that the person whose name is on the title is the legal owner. In which case, the income should be shown on their tax return. The same would apply for CGT purposes. As for the 50% exemption...

Reply: 1.1 From: Dale Gatherum-Goss Hi Tim I can't recommend a good financial or retirement advisor, I am afraid, but, I can answer the CGT questions. Assuming that there the property was bought in joint names, the Capital Gain will be split equally between them and they will each pay tax...